We analyze determinants of access to venture capital for Black founders of high-growth startups. We combine image- and … funding. Black founders raise roughly one-third as much venture capital in the five years after founding vs. other startups …: Black startups have smaller founding teams; Black founders are less likely to have worked at the same companies or attended …

Although an extensive literature shows that startups are financially constrained and that constraints vary by geography …. Startups were not completely cushioned from the additional constraints on their VCs: capital raised fell and pre … experience increases in bargaining power. Last, we show that the rule change increased the likelihood startups move out of …

The provision of venture debt financing to growth-oriented startups which are backed by venture capital (VC) equity has … been a bit of a puzzle given the lack of positive cash flows or traditional collateral of such startups. This short paper …

investor preferences. For a novel sample of technology incubator startups, we empirically examine the use of patents and … business angel investment in the startups. For this sample, venture capitalists appear to value patents more highly than FFF …

other VC-funded firms on organizational capital as well as network effects and the internet. Unicorn status enables startups …

. Late-stage startups are raising larger amounts of capital in the private markets from a growing pool of traditional and new … competitive changes affecting both startups and investors that help explain how the trade-offs between going public and staying …